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Rutooma Tweyombekye Group
In this Group: Mildred, Hadija, Deborah, Hope, Rhonah, Kagwa, Annet, Hope
Midred is a married woman with three children; she operates a drug shop in the Rutooma trading centre along Mbarara – Ibanda Road. She had been bowed down with rent and now is building in the trading centre so that she can cut some of the business costs and increase her income. She therefore needs the loan to complete her building in the same trading centre.

She requested loan of ugx.750,000= to help her finish, and also will use a part of it to pay school fees, because her husband, who is a teacher, earns little and can’t afford to run the family and pay school fees for the kids.

Her major challenge is the increase in prices of building materials, and yet even the business itself can’t afford to maintain the whole needs of the family.

Additional Information

More information about this loan

This loan is part of UGAFODE”s Micro Mortgage Loan program.  Many of these clients are currently renting and these loans allow them to own their home and provide for their families. This may be their first home, or renovation to homes not fit for habitation.  By building and renovating, borrowers who utilize these loans have improved health and safety through a stronger structure and better protection from the elements.  UGAFODE offers these loans to cover essential costs like labour and material so borrowers can provide adequate shelter and sanitation facilities for their families.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Uganda

  • $1,500
    Average annual income
  • 258
    View loans »
    Uganda Loans Fundraising
  • $29,230,350
    Funds lent in using Kiva
  • 2,574.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A portion of Rutooma Tweyombekye Group's $1,750 loan helped a member to buy construction materials.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014